PIDC, Philadelphia's public-private economic development corporation, in conjunction with CanAm Enterprises, LLC, prepared and submitted an application to have the County of Philadelphia designated as a Regional Center under the U.S. immigrant investor program.
PIDC is Philadelphia's public-private economic development corporation founded by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce in 1958. Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. To achieve this mission PIDC attracts, manages, and invests public and private resources in the clients, communities, and markets that energize Philadelphia’s economy.
We offer flexible financing tools, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge to help our clients invest, develop, and grow. We also structure and invest in public-private partnerships for key City policy areas and development priorities.
PIDC promotes large-scale neighborhood economic development through partnerships with established community organizations on neighborhood revitalization projects. Clients range from commercial and industrial businesses to the developers of large, public purpose facilities, in all neighborhoods of Philadelphia. PIDC offers a wide variety of loan and grant programs. Although specific terms and conditions vary, many programs offer subordinated financing and below-market interest rates to encourage investment in Philadelphia. Use of loan funds is determined by the circumstances and may include real estate acquisition, construction, or machinery/equipment purchase. PIDC loan funds are usually leveraged with private debt and equity.